Nonprofit · EIN 56-2144768
FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION
Also known as FSU DEVELOPMENT CORP
Tax-exempt · FAYETTEVILLE, NC 28301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | -$31,421 | $78,910 | -$110,331 | $1,523,491 | $0 | $1,523,491 |
| June 30, 2024 | 990 | -$64,983 | $446,355 | -$511,338 | $1,548,348 | $0 | $1,548,348 |
| June 30, 2023 | 990 | $279,813 | $90,835 | $188,978 | $2,059,687 | $0 | $2,059,687 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- -$31,421
- Other revenue
- -$31,421
Expenses
- Grants and similar amounts paid
- $75,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,479
- Program services (functional)
- $76,088
- Management and general (functional)
- $2,822
Balance sheet and other
- Total assets, start of year
- $1,548,348
- Total assets, end of year
- $1,523,491
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,523,491
- Net assets without donor restrictions
- $1,523,491
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1999
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MR DARRELL T ALLISON | DIRECTOR Trustee or director | 1 | $0 | $309,000 |
| DR ULYSSES TAYLOR | CHAIR Trustee or director, Officer | 1 | $0 | $201,782 |
| MR OMAR BELL | DIRECTOR Trustee or director | 1 | $0 | $187,460 |
| MS CARRIE J SUTTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MR VICTOR SHARPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR MELVIN MITCHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR CARL MANNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DARRELL ALLISON | DIRECTOR Trustee or director | 1 | $0 | $323,876 |
| ULYSSES TAYLOR | CHAIR Trustee or director, Officer | 1 | $0 | $201,782 |
| OMAR BELL | DIRECTOR Trustee or director | 1 | $0 | $187,460 |
| WESLEY FOUNTAIN | DIRECTOR Trustee or director | 1 | $0 | $176,940 |
| CARRIE SUTTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VICTOR SHARPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELVIN MITCHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL MANNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DARRELL ALLISON | DIRECTOR Trustee or director | 1 | $0 | $314,443 |
| ULYSSES TAYLOR | CHAIRPERSON Trustee or director | 1 | $0 | $195,905 |
| WESLEY FOUNTAIN | EXECUTIVE DI Officer | 1 | $0 | $171,786 |
| DEL MATTIOLI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CARLTON SPELLMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARRIE SUTTON | VICE CHAIRPE Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 MURCHISON RD, FAYETTEVILLE, NC 28301-4252
- In care of
- % ROBERT BOTLEY
- Principal officer (990 for 2024)
- DR ULYSSESS TAYLOR, 1200 MURCHISON ROAD, FAYETTEVILLE, NC 28301
- Signed the 990
- DR ULYSSESS TAYLOR, CHAIR
- Phone
- (910) 672-1084
- Return prepared by
- SHARPE PATEL CPA
Mission
BUSINESS DEVELOPMENT USING BUSINESS INCUBATOR FOR AREA SURROUNDING FSU CAMPUS.
Program accomplishments
- THE ORGANIZATION STRIVES TO PROMOTE BUSINESS DEVELOPMENT USING BUSINESS INCUBATOR FOR THE AREA SURROUNDING THE FAYETTEVILLE STATE UNIVERSITY CAMPUS.Expenses $76,088 · grants $75,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2144768
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $1,523,491
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | -$31,421 | $78,910 | $1,523,491 | IRS |
| 990 | June 2024 | -$64,983 | $446,355 | $1,548,348 | IRS |
| 990 | June 2023 | $279,813 | $90,835 | $2,059,687 | XML |
| 990 | June 2022 | $217,649 | $36,665 | $1,870,709 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2144768).
Questions about FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION
- What is the EIN of FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION is 56-2144768.
- Is FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names DR ULYSSESS TAYLOR.
- Who are the officers and directors of FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of -$31,421, expenses of $78,910 and total assets of $1,523,491 at year end.
Other nonprofits in FAYETTEVILLE
- FAYETTEVILLE-CUMBERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION EIN 81-0801545 · last filed 990 for 2025
- GREATER FAYETTEVILLE CHAMBER EIN 80-0058724 · last filed 990 for 2024
- JUNIOR LEAGUE OF FAYETTEVILLE NC INC EIN 56-6061921 · last filed 990 for 2025
- CAPE FEAR REGIONAL BUREAU FOR COMMUNITY ACTION INC EIN 56-1769221 · last filed 990 for 2023
- NORTH CAROLINA INTERGRATIVE MEDICAL SOCIETY LTD EIN 14-1880559 · last filed 990 for 2025
- GREATER FAYETTEVILLE APARTMENT ASSOCIATION EIN 61-1811442 · last filed 990 for 2024
- CLIMBING FOR CHANGE INC EIN 85-1851998 · last filed 990-EZ for 2025
- FAYETTEVILLE KENNEL CLUB EIN 56-1307666 · last filed 990-EZ for 2025
All nonprofits in FAYETTEVILLE · North Carolina · Community improvement and capacity building